Chatham University

Master of Accounting (MAcc) Curriculum

Made possible by a generous grant from The PNC Foundation, Inc.

The Master of Accounting (MAcc) program is designed to help prepare students with or without an accounting background to take advantage of the many opportunities available in the field of accounting while providing students with the skills and knowledge necessary for taking the CPA and/or the CMA examinations. Whether a student desires to work in private industry, the not-for-profit sector, or governmental entities, a degree in accounting can lead to a dynamic career with skills that are highly valued in the marketplace. The MAcc is a flexible program designed to fit the student’s career goals and is available to college graduates of all majors. To sit for the CPA exam you will need: 150 credits in total of post-secondary education including at least 36 credits of accounting-related subjects.

Undergraduate degree, 12 credits of college-level accounting courses or the equivalent, proficiency in written and oral communications, college level math and computer usage, including word processing, spread sheets, databases, and the Internet, are required.

Program Design:
The MAcc requires students to take 30 graduate credits. Eight courses (24 credits) are required core courses, and two (6 credits) are electives which students can choose based on educational needs and career interests.

Program Requirements

+Degree Requirements

Prerequisites: 12 credits or equivalent

ACT222 Financial Accounting Principles I

This course represents an introduction to accounting principles including the accounting process, double-entry bookkeeping, adjusting entries, and the preparation of financial statements. The objectives of this course are to make students aware of the importance of accounting information in every type of organization (private business, not-for-profit, and governmental).

3
ACT322 Intermediate Accounting I

This course engages the student in a comprehensive study of generally accepted accounting principles as they relate to the measurement and reporting of assets and income. Students will examine the nature, composition, valuation, and classification of balance sheet items.

3
ACT323 Intermediate Accounting II

This course follows Intermediate Financial Accounting I up with the application of generally accepted accounting principles related to intangibles, bonds, debt and loans, partnerships, corporations, and analysis of working capital.

3
ACT324 Individual Tax Accounting

The primary emphasis of the course is on the income taxation of individuals, but the course also includes an overview of the federal taxation of other forms of business organization (e.g., corporations, partnerships). The focus of the course is on developing knowledge of tax law and its application.

3

+Core Courses

24 credits

ACT540 Government and Non-Profit Accounting

This course's focus is upon the principles of fund accounting and the financial reporting, budgeting and auditing of both public and private not-for-profit organizations. Particular attention is given to accounting procedures for the activities of state and local governments, but the course also considers other not-for-profit entities.

3
ACT545 Accounting Theory

This course encourages students to take a conceptual view of accounting, urging them to get beyond the process and to grasp the reasoning behind the accounting procedures. The focus is upon what it means for accounting to be a source of information and providing a framework for evaluating accounting alternatives.

3
ACT573 Business Law and Ethics

This course provides students with a broad-based understanding of legal issues that affect modern businesses. The course covers the following substantive law areas: Choice of Entity, Corporate Governance, Raising Money, Securities Regulation, Bankruptcy, Contracts, Intellectual Property and Employment Law.

3
ACT580 Accounting Information Systems

This course examines critical business processes and IT audits through theories of Accounting Information Systems (AIS) and using auditing tools and enterprise systems. Case analyses and project assignments nurture professional competence in communicating objectives and procedures through systems documentation techniques, systems analysis and design methodologies, and information processing.

3
ACT620 Advanced Financial Accounting

This course introduces the student to many advanced financial accounting issues. Includes the application of GAAP rules for consolidation of inter-corporate acquisitions and investments in other entities, multi-national accounting issues involving foreign currency transactions and translation of foreign entity statements, accounting for partnerships, and segment and interim reporting requirements.

3
ACT625 Cost Analysis

Cost Analysis introduces students to the role cost considerations play in management decision making. Topics include the classification and allocation of costs, job order and process costing, standard costs, budgeting and planning, cost-volume-profit analysis, and using costs as performance measurements. Pre-requisite: ACT222; 3 credits

3
ACT630 Advanced Tax Accounting

This course is designed to introduce students to advanced strategies in taxation. The course's focus is upon how tax research is performed and the basic concepts underlying the strategic tax planning. Tax issues associated with new businesses, business operation, growth, expansion, termination, and liquidations and estate planning are examined.

3
ACT699 Forensic Accounting

Focuses on preventing, detecting, and investigating common types of internal and external fraud. Designed to cultivate advanced understanding methods of analysis of financial crime allegations. Provides the culminating experience of Chatham University's MAcc program. Should be one of the last courses taken in the MAcc Program.

3

+Electives

Choose 6 credits below

ACT512 Auditing

This course engages the student in a comprehensive study of auditing objectives, standards, and procedures employed in the examination of business enterprises and verification of their financial statements. Topics include an evaluation of internal control, preparation of work papers, report writing, professional ethics, and current auditing trends.

3
BUS540 Leadership for Change in Healthcare Organizations

Focuses on the needs of health care leaders to take health care delivery into the future through innovative initiatives. Includes: variables impacting health care delivery systems; reimbursement and funding for design change; managing competition; creating the health care delivery system of the future; and managing human and financial resources.

3
BUS570 Global Business

This course introduces students to international business and management by studying cultural influences, government, and business structures in our global economy. Students also learn about trade relations, international finance and legal and labor agreements. Also covered, are topics on information needs, production systems, marketing and promotion, and career planning.

3
BUS576 Sustainable Human Capital

Cultivate theoretical understanding and ethical and practical skills for managing human capital. Explore individual, group, and organizational levels of analysis focusing on topics of motivation, communication, group dynamics, decision making, culture, power, and politics. Analyze the effectiveness of tools for talent acquisition and development, such as compensation, feedback, and assessment.

3
BUS623 Strategic Performance for Women Executives

This course will cover issues specific to women business leaders such as conflict management, negotiation and persuasion, mentoring structures, crisis communication, and organizational change. Other topics will include implicit and explicit attitude toward female authority in the workplace; implicit social cognition; attitudes, self-esteem, and stereotypes, etc.

3
BUS641 Sustainable Supply Chain Management

This course provides students with an understanding of how supply chain works, how and where along the supply chain sustainability questions should be addressed/considered, and the impacts of those decisions on stakeholders further down the chain. Topics include: packaging, transportation, energy use, and waste.

3
BUS672 Corporate Finance

This course deepens an understanding of financial analysis tools and concepts. Students will learn how and when to use the financial-analytical tools required to make effective business and policy decision. Functional areas addressed are assessing financial health, planning financial performance, interpretation of data and recommendations, supply-chain management.

3